Plus: Putin’s Prigozhin Deal Emerges as Kremlin Greenlights Wagner Group to Secure Mercenary Empire in Africa…
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7/11/23

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Breaking News for Financial Crime Professionals

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Hello!  It’s July 11, and we’re tracking today’s top stories: Fresh Yale research names and shames companies remaining in Russia, head of US think tank accused of being Chinese agent, Mexican drug cartels infiltrate jellyfish trade, Putin's Prigozhin deal takes shape in Africa, and much more...

 

Plus: Crossfire!  Clarence Thomas, Hunter Biden, and ESG...

Featured Story

 

🎯 Heineken, Unilever, and WeWork remain in Russia: More than 1,000 major companies pledged to leave Russia, but well-known firms stand accused of violating their pledge. CNN 

 

Top Stories

 

🌎 US Think Tank Head Accused of Being Chinese Agent: Gal Luft is charged with acting on behalf of China and recruiting a former high-ranking US government official in 2016. Reuters 

 

🌎 Cartels Enter New Market – Jellyfish Trade: The Sinaloa cartel is reportedly infiltrating Mexico's lucrative cannonball jellyfish trade to fund their activities. Daily Beast

 

🌎 Putin and Prigozhin's Mercenary Empire Deal Unfolds: The Kremlin is prepared to permit Yevgeny Prigozhin’s Wagner Group to maintain some of its African operations as Russia attempts to preserve its influence in the mineral-rich continent after his attempted rebellion. Bloomberg

 

🌎 Sanctioned Russian Tycoon Expands Banking Empire: Despite sanctions, Russian billionaire Vladimir Potanin is extending his banking influence by investing in a digital bank for businesses – the third such acquisition since the Ukraine invasion. Bloomberg

 

🌎 Apple Releases Emergency Update: Apple issued an emergency security update to address a zero-day flaw that was exploited in attacks impacting fully patched Apple devices. Bleepingcomputer

 

🌎 Multichain Protocol Sees Multi-Million Dollar Hack: Cross-chain bridge protocol Multichain experienced potentially unauthorized withdrawals on July 6, 2023, indicating a large-scale hack or rug pull that resulted in over $125 million in losses. Chainalysis

 

🌎 Rise in Real-Time Crime Centers: Cities throughout the US have been setting up Real-Time Crime Centers (RTCCs). While the police say these protect innocent people, critics argue that they could lead to unjustified surveillance. Wired

 

🌎 Genesis Market Gang Sells Platform: Three months after FBI-led operations disrupted their operations, the criminals behind Genesis Market cyber fraud platform are looking to sell their enterprise. The Record

 

🌎 U.S. Treasury Sanctions Official to Visit Southern Border: The Treasury Department is heightening efforts to tackle the illegal fentanyl trade by disrupting supply chains. CNN

 

🌎 Crown Casinos’ Huge Fine: Crown Casinos faces a $450 million fine for failure to prevent money laundering, in what could be the largest fine ever paid by a casino. Daily Mail

 

🌎 Origins of San Francisco Drug Dealers Exposed: Siria valley, a region afflicted by poverty and one of the highest global murder rates, is identified as the origin point for a high number of individuals migrating to San Francisco to sell drugs. San Francisco Chronicle

IN THE NEWS

Russia & China

 

💥 Welcome to the ‘looking-glass’ world of Putin’s Russia CNN

 

💥 Gym, spa, beauty equipment: Leaked documents reveal Putin’s ‘ghost’ train CNN

 

💥 Majority of Americans Say TikTok Is a Threat to U.S. National Security Variety

 

💥 Temu Sellers are Cloning Amazon Storefronts Wired

 

💥 Russia-Linked Oil Tanker Fleet Vanishes Even Faster Than It Grew Bloomberg

Crypto

 

🔐 Recovering Funds Transferred Via Bitcoin ATMs Is 'Virtually Untraceable' Decrypt

 

🔐 Do Kwon May Have Outside Help As $18M In Stablecoins Left Controversial Wallet IBT

 

🔐 DOJ Charges Moroccan Man With Stealing $450K in OpenSea Spoofing Scam CoinDesk

 

🔐 U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum CoinDesk

 

🔐 Crypto, Stablecoins May Pose 'Threat to Financial Stability' if Widely Used Decrypt

Corruption & Financial Crime

 

💰 Millionaire Politician’s Undeclared Dubai Properties Expose Gaps in Georgia’s Asset Reporting OCCRP

 

💰 Right-Wing Websites Connected to Former Trump Lawyer Are Scamming Loyal Followers ProPublica

 

💰 BP settles US natural gas market manipulation case for $10.75 million Reuters

 

💰 A Libyan court jails 38 human traffickers over the deaths of 11 Europe-bound migrants AP

Crossfire!  Two sides to every story...

 

🔥 Clarence Thomas Is Literally In a Club Full of Exorbitantly Wealthy Conservatives Vanity Fair

 

🔥️ NY Times puts out another left-wing hit piece on Justice Clarence Thomas NY Post

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🔥 DOJ briefed Hunter Biden team on Joe Biden allegations, but excluded IRS agents Fox News

 

🔥 Prosecutor who made Hunter Biden plea deal contradicts IRS whistleblower NBC News

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🔥 The right’s desperate push to tank ESG and avoid disclosing climate risks The Intercept

 

🔥 Busting the ESG trust Washington Times

"The infectiousness of crime is like that of the plague."

– Napoleon Bonaparte

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